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Internetcomputerprotocol

icp Long swingicp had a clean 5 wave impulse recently, and retraced back down perfectly into the golden zone. i think this has the potential to make a run to the 100% extension in the months ahead, if btc decides to be bullish. i'm feeling kind of optimistic with crypto, despite some of my bearish outlooks. the way i see it, if i'm wrong about the bear case, then i at least have some long exposure going forward. caught icp near the bottom of the wick earlier, and i've a decent stop loss on it. setting & forgetting this one. if i get stopped, so be it. 🍑
FTX:ICPPERPLong
by notoriousbids
1
💻ICP- the most unlucky listing of this yearAfter the last failed breakout attempt the price went back to the bottom of the formation, bounced from the dynamic support (purple) and is most likely preparing for another breakout attempt. A bit of history: ICP had quite an unfortunate start. It was listed on 11th of May- the day before Bitcoin dumped -50% and the whole marked collapsed. The project was originally pretty hyped, the price went up 1000% the day it was listed on Binance reaching the price of 2831$ per coin. And then it dumped -99% 😆 Anyway- this is of course beyond technical analysis, but the truth is ICP is very comparable to the other top eco chains such as ADA or SOL, it provides some unique solutions and it could easily be a TOP10 coin in terms of market cap. So is it undervalued? Yes. Does it matter? Well.. No, but to me this aspect is just like a technical indicator- if it adds up to overall confluence than that's good, and in this case it does. Entry: buy in the lower part of the formation (current price) down to 45.00 SL: below 37.36 --------------------------- About ICP: The Internet Computer is the world’s first blockchain that runs at web speed with unbounded capacity. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum — a blockchain computer that scales smart contract computation and data, runs them at web speed, processes and stores data efficiently, and provides powerful software frameworks to developers. By making this possible, the Internet Computer enables the complete reimagination of software — providing a revolutionary new way to build tokenized internet services, pan-industry platforms, decentralized financial systems, and even traditional enterprise systems and websites. The project was founded in October 2016 by Dominic Williams, and attracted notable interest from the crypto community. DFINITY raised a total of $121 million from contributors such as Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, and Multicoin Capital, and several notable early Ethereum supporters. In 2018, over 50,000 registerter participants received ICP utility tokens in an airdrop. On December 18, 2020, DFINITY launched the alpha mainnet of the Internet Computer. In a final step towards decentralization, on May 10, 2021, DFINITY launched the Internet Computer into the public domain. This major milestone means that the internet now functions as a decentralized global computer — marked by the release of all of the Internet Computer’s source code into the public domain, as well as ICP utility token allowing tens of thousands of community members to govern the Internet Computer network. Source: coinmarketcap
Long
by V0VOLAN
2
Will the recent scam wick repeat or can we hold the trendline?At this moment there is 40/60 chance of us dropping to 40$ range like week ago or holding the new trend line after yesterdays breakout. The chart looks exactly the same, but what's better this time is, that we did break above downtrend and EMAS are crossing as a bullish sign which did not happen last time and if we can keep 48$ then the drop is invalidated. Keep and eye out at this moment as its a break or make move today happening. Leave your thoughts and have a safe trading! Hit a like and follow if you would like to get more updates. Thanks and have an awesome day!
by UnknownUnicorn26369879
16
ICP/USD - First target hit! Can it got to $100?🚀ICP did not disappoint. After some choppy price action ICP finally pumped with a great candle today that took us to the first target as already indicated in my last ICP idea. :) This level at $55 should server as a temporary resistance, but eventually it will break to take ICP higher. The more relevant target is just under $100 which is a great psychological level and also a key resistance on this chart. Bias remains very bullish on ICP and I expect some excitement as we go higher. Indicators are also bullish, so we are looking healthy here. Enjoy the ride! Like and follow if you liked my idea!
Long
by DU09
1
ICP – this breakout will double the price!Hello, everyone! Let’s take a look at the Internet Computer (ICP). It has a huge post-listing price drop and now it looks like the accumulation. According to Fibonacci retracement analysis for the last impulse move to the upside we can conclude that the price is in the Buy Zone. If the daily candle close below 0.78 Fib ($40) the bullish scenario is cancelled. If the price will break through to the upside from the current Buy Zone and Trendline Resistance the potential growth could be to the Fibonacci extension levels 1 and 1.61 ($98-$136). Another one evidence for the further growth is the Bullish Divergence with the Awesome Oscillator. This is the strongest signal in TA. We can buy now with the short stop loss below $40 or waiting for breakout confirmation to execute the long trade. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Long
by Skyrexio
6
ICP/USDT Massive Pump Coming !!!!!ICP is currently on the dip and accumulating for a while. ICP haven't pumped since the crash since the launch. This is a coin with Promising fundamentals and a High market cap. Accumulate now and we will see a massive pump all the way to or above ATH when the market starts to pump again. Use the resistance area (Red Lines) to take your profits and Use the support area (Green line) to place your stop loss. This is not financial advice please DYOR. Also, manage your risk accordingly and keep an eye o BTC corrections.
Long
by CryptoCafeClub
12
$ICP/USDT 4h (Binance Fut.) Descending channel under resistanceInternet Computer Protocol (formerly known as Dfinity) has broken bearish after ascending TL was lost. Now retesting 50MA resistance, we expect to bounce back on it and continue the retracement down. Current Price= 63.24 Sell Entry = 63.98 - 67.14 Take Profit= 58.63 | 53.85 | 49.48 Stop Loss= 71.42 Risk/Reward= 1:1.18 | 1:2 | 1:2.74 Expected Profit= +21.14% | +35.72% | +49.06% Possible Loss= -17.88% Fib. Retracement= 0.382 | 0.5 | 0.618 Margin Leverage= 2x Estimated Gain-time= 10 days
Short
by TradingOn